Wednesday, March 20, 2019

HSBC’s response: ‘Standards of due diligence were significantly lower than today’

This is an edited extract from a statement issued by HSBC responding to revelations of misconduct at its Swiss bank In the past, the...

HSBC files show how Swiss bank helped clients dodge taxes and hide millions

Part I: Data in massive cache of leaked secret bank account files lifts lid on questionable practices at subsidiary of one of world’s biggest financial...

HSBC files: Swiss bank aggressively pushed way for clients to avoid new tax

Far from acting as passive party to clients’ tax schemes, HSBC Suisse marketed device to effectively sabotage European savings directive. Beach in British Virgin Islands....

Cash pilgrims and bricks of money: HSBC Swiss bank operated like cash machine for...

Part 2: Cache of leaked data show how throughout 2005, scores of account holders arrived in Geneva, often emerging with currency foreign to Switzerland Not far...

HSBC files show how Swiss bank helped clients dodge taxes and hide millions

HSBC files: how secret Swiss account data detailing misconduct came to light HSBC’s Swiss banking arm helped wealthy customers dodge taxes and conceal millions of...

Denials continue despite MPs hearing of HSBC tax evasion claims in 2011

Downing Street insists it had no warning of HSBC wrongdoing, despite revelation MPs had known about ‘disc from the Swiss’ with names of potential...

US congressman described the Merchants Bank Accounts Closures decision as “catastrophic”

The U.S. fears that the Hawala Finacial funds are being channelled to Al-Shabaab militant supporters in Somaliland, Somalia and Kenya. The officials from The Merchants...

Karisma Kapoor inaugurates Al Adil’s first outlet in India

The actress inaugurated Masala King Supermarket in Kharghar Karisma Kapoor and Dr Dhananjay Datar at the opening ceremony of Al Adil’s first outlet in...

China cuts rate to stem growth slide

Central bank injects fresh $96b into economy China’s central bank made a system-wide cut to bank reserve requirements (RRR) on Wednesday, the first time it...

U.S. Bank Ending of Somali Money Transfers to Have “Catastrophic” Impact

A decision by a U.S. bank to stop doing business with companies that transfer money from Somalis living in the United States to families...

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Dahabshiil Group strongly refutes the false allegations made against it by Al Jazeera Arabic...

PRESS RELEASE Dahabshiil Group strongly refutes the false allegations made against it by Al Jazeera Arabic television. The broadcast consisted of a number of false allegations,...

Somaliland: Divisive Elections Result in Fragmented Clan Cohesion

Despite regular presidential polls, the long-overdue parliamentary vote shows that democracy still needs to be consolidated. Somaliland has had six national elections since 2002. This...

Somaliland: Third High Exec Leaves Ministry of Information

Dr. Osman Hussein Warsame, the Director General of the Ministry of Information, Culture and National Guidance, tendered his resignation to His Excellency the President...